Question: RELEVANT INFORMATION FOR DECISION MAKING WITH A FOCUS ON PRICING DECISIONS LEARNING OBJECTIVES 1. Discriminate between relevant and irrelevant information for making decisions. 2. Apply

RELEVANT INFORMATION FOR DECISION MAKING WITH A FOCUS ON PRICING DECISIONS LEARNING OBJECTIVES 1. Discriminate between relevant and irrelevant information for making decisions. 2. Apply the decision process to business decisions. 3. Construct absorption and contribution-margin income statements, and identify their relevance for decision making . 4. Decide to accept or reject a special order using the contribution-margin technique. 5. Explain why pricing decisions depend on the characteristics of the market. 6. Identify the factors that influence pricing decisions in practice. 7. Compute a target sales price by various approaches, and compare the advantages and disadvantages of these approaches. 8. Use target costing to decide whether to add a new product

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